Company Registration No. 05656290 (England and Wales)
KI Associates Ltd
Unaudited accounts
for the year ended 31 March 2023
KI Associates Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
9,140
10,753
Inventories
896,000
826,000
Cash at bank and in hand
-
65,461
Creditors: amounts falling due within one year
(209,133)
(197,926)
Net current assets
686,867
693,535
Total assets less current liabilities
696,007
704,288
Creditors: amounts falling due after more than one year
(695,327)
(703,517)
Called up share capital
2
2
Profit and loss account
678
769
Shareholders' funds
680
771
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 March 2024 and were signed on its behalf by
Sajid Iqbal
Director
Company Registration No. 05656290
KI Associates Ltd
Notes to the Accounts
for the year ended 31 March 2023
KI Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 05656290. The registered office is 75-77 WHITE ABBEY ROAD, BRADFORD, BD8 8DR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
4
Tangible fixed assets
Fixtures & fittings
KI Associates Ltd
Notes to the Accounts
for the year ended 31 March 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
25,421
-
Trade creditors
40,000
40,000
Taxes and social security
16,501
14,536
Other creditors
40,000
78,127
Loans from directors
83,820
60,918
6
Creditors: amounts falling due after more than one year
2023
2022
Trade creditors
660,891
660,891
7
Average number of employees
During the year the average number of employees was 5 (2022: 5).